tag:blogger.com,1999:blog-57877687791799779662024-03-14T11:12:59.158+08:00The Black Bottle's ForexIntraday Trading & Swing Trading the Currency Market. Black & Bottle's Trading Journey, Thoughts in Words, Analysis and Forex Information.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.comBlogger318125tag:blogger.com,1999:blog-5787768779179977966.post-63408833510240223482015-08-16T01:02:00.000+08:002015-08-16T01:02:06.751+08:00B(l)ackI will be writing under a new blog in future:<br />
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<a href="http://insipidinvestor.blogspot.sg/" target="_blank">Insipid Investor</a><br />
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As it will totally be unrelated to forex, I decide to give a new name, for pure leisure writing.<br />
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Miss those days!Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-44593479803729974322014-02-27T23:37:00.000+08:002014-02-27T23:37:33.278+08:00Poker vs TradingInteresting article about poker and trading statistic <a href="http://www.acting-man.com/?p=22812" target="_blank">here</a>.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-23661743022555059772014-02-20T17:57:00.003+08:002014-07-03T23:20:11.103+08:00Jack of all Trades, or Master of One?I use Grammarly's plagiarism checker because I like to know the fact that I'm unique, no one is trying to be me, and it improves my writing for my readers' readability.<br />
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After last year's trading here and there, I have stopped forex trading for quite a long while. Partly due to the reason that I have busted my account, and my wedding proposal in April which added a doggy into our family (proposal gift for my wife), and then my 12 hrs job, which leads 12 hrs in a day working, 6 hrs sleep, 3 hrs taking care of the dog, and the remaining to job hunting. I can't explain how much I'm dying to leave the first trading firm.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn2SHcYqH_vvORJGzTFcuC639y0La7kYnwTZsZlCOpnqvpKfwufEaqFQEKysSo8NhkIMmvSLsqCktThit0qp-_ZYFpa3UZFArQ1uiw0XFUwd0hrbnrgMVSmvKf7gUIPtkj2zG1ca_4r78/s1600/Screen+Shot+2014-02-20+at+5.39.06+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn2SHcYqH_vvORJGzTFcuC639y0La7kYnwTZsZlCOpnqvpKfwufEaqFQEKysSo8NhkIMmvSLsqCktThit0qp-_ZYFpa3UZFArQ1uiw0XFUwd0hrbnrgMVSmvKf7gUIPtkj2zG1ca_4r78/s1600/Screen+Shot+2014-02-20+at+5.39.06+PM.png" height="320" width="316" /></a>my dog.</div>
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Finally after so much interviews, I landed into another trading firm, where people there appreciates work-life balance, and great opportunity to learn. And my wedding preparation began then, for my big day in mid-December. Blink of eye, I'm a married man. Our house key collection date was 31-December-2013, and now we're busy with the renovations and stuff.<br />
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<a href="http://upload.wikimedia.org/wikipedia/commons/thumb/6/63/Singapore_HDB_001.jpg/220px-Singapore_HDB_001.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://upload.wikimedia.org/wikipedia/commons/thumb/6/63/Singapore_HDB_001.jpg/220px-Singapore_HDB_001.jpg" /></a> pic from HDB wiki.</div>
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In my country, many couples apply for a <a href="http://en.wikipedia.org/wiki/Public_housing_in_Singapore" target="_blank">HDB flat</a> first before the guy's proposal, which leads to women in my country complaining we're unromantic. (Because applying a flat together means both must be married by key collection date!) I admit the fact though, but what to do, we have to wait about 4 years for the flat to be ready after the application. By the time men in my country serve 2 years of national service (military) and then join the work forces, and by the time we save enough money to propose and then apply a flat, we would be 30+ by the time when the flat is ready.<br />
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<a href="http://mothership.sg/v2/wp-content/uploads/2014/01/hdb-proposal.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://mothership.sg/v2/wp-content/uploads/2014/01/hdb-proposal.jpg" height="212" width="320" /></a> pic from mothership.sg</div>
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Even for my case, after my wedding and renovation, my savings will be *WHAM*.. back to ZERO. Property here costs about $300K SGD, for a 4-room flat 92sqm. Don't tell me about how much your country's property cost to make me feel depressed, don't tell me about how much your country's vehicle cost to make me feel upset. My wife and I planned for a very very basic renovation because we're hoping not to borrow renovation loan, and all in all still costs nearly $30K including furnitures, HMmmm.. where do we find the money...<br />
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So we gamble.<br />
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Two new casinos here in Singapore? No, I don't got the balls and capital to pay $100 levy for every entry. If they are so restrictive about local going to casino, they should do like South Korea do, ban the locals from going in COMPLETELY! I believe there are so much trouble brought to us than the economic benefits the casino has brought to us.<br />
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I gamble with them in another way, though. I bought Genting SP shares last year, I held for a year before selling them. Gaining about 10% of my capital invested in it. I have to say I am a lucky ass because the share plummeted right after my exit.<br />
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Yes, I have stopped forex but trading shares instead because of time commitment. Trading requires time to monitor but investing in shares does not require that much of a screen time. The time I used to use for screen time now becomes daily dog-walking routine haha. It is my responsibility but it really brings joy to the home.<br />
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I recently applied for an <a href="http://en.wikipedia.org/wiki/Initial_public_offering" target="_blank">IPO</a> and balloted two lot of shares for OUE Comm REIT. Not going anywhere but holding for long-term.<br />
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My latest paper win now is Suntec REIT (<a href="http://www.investopedia.com/terms/r/reit.asp" target="_blank">Real Estate Investment Trust</a>).. currently up about 7.8% profit.<br />
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I have stopped forex due to time commitment but my appetite to gain financial freedom do not stop. I am not closing my forex account and just looking for good opportunity for a come-back, after my home renovation. And probably starting my own business after that. A come-back like in poker, which I now takes it casually. But do we still need to do all these if we're earning quite adequately in our full time job, like many of my friends do?<br />
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Great run this afternoon though.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwxAZTVZ52f8SmQ_pAGxDQiEBbaCflwJK-dq2HUBdjDbLr6uEguw1CylyjnxkhpTqq1q9PExGr_2OfhgLn4E-Nt2msgP4Ncj0ATBb9tpxRdo1zB7Q7FpYPocqo5hkUR3B0SVWsmFkynNs/s1600/My+Currency+Won+in+USD+over+Hands+Played.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwxAZTVZ52f8SmQ_pAGxDQiEBbaCflwJK-dq2HUBdjDbLr6uEguw1CylyjnxkhpTqq1q9PExGr_2OfhgLn4E-Nt2msgP4Ncj0ATBb9tpxRdo1zB7Q7FpYPocqo5hkUR3B0SVWsmFkynNs/s1600/My+Currency+Won+in+USD+over+Hands+Played.jpg" height="238" width="320" /></a></div>
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To be a jack of all trades, or a master of one?<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-40348885124994364462013-11-15T00:22:00.003+08:002013-11-15T00:28:12.857+08:00PokerStars - Raise Money for the Philippines Typhoon Relief FundI'm sure most of you have read the news of the devastating typhoon that hits Philippines. We may not be able to help them personally there, but your funds and donation will contribute to their shelter, clothing, food etc.<br />
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<a href="http://www.pokerstars.com/poker/promotions/philippines-appeal/">PokerStars will match total amount raised when you donate thru' PokerStars client.</a> << click here<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCrXVs4NzWUwnB9GnRC76en1664pDZASQ9SkgltcQNesHPNKnSLx6kGAMfg1dHu6RaeQWUA511wjsY_fAU_bo30OofAt2UZ2C6lMosQV7P2fvwlTIiZcV6r5qPk60p7EbnzZ6TPUWzl84/s1600/Screen+Shot+2013-11-15+at+12.26.20+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="88" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCrXVs4NzWUwnB9GnRC76en1664pDZASQ9SkgltcQNesHPNKnSLx6kGAMfg1dHu6RaeQWUA511wjsY_fAU_bo30OofAt2UZ2C6lMosQV7P2fvwlTIiZcV6r5qPk60p7EbnzZ6TPUWzl84/s320/Screen+Shot+2013-11-15+at+12.26.20+AM.png" width="320" /></a>..a little contribution from my sis and I.</div>
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Else, you may contribute directly <a href="http://www.careinternational.org.uk/pokerstars-helping-hands-philippines-typhoon-appeal">here</a>.<br />
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Please help.<br />
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Thank you!<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-42287387020780691912013-09-24T12:21:00.000+08:002013-09-24T12:26:31.915+08:00Just another post to remind myselfNot sure if its just me or it happen to everyone else... <br />
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Ok this is a story of the difference between what i want, what i expect and what will actually happen. Or rather, a little true story of greed and fear.<br />
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I believe most of us would have read stuff like having a system, or a set of rules to follow strictly to, be it online or books we grab off bookstore shelves... Yes, im just like the majority of self learning traders-wannabe out there.. i came out with a system that (i hope) suits to my style of trading.<br />
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Imma skip the part whereby we came up with that signal entry and exit thing. We all have our own different way of entry and exits. What im actually want to talk about... is the part where we set the stoploss and take profit level.<br />
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So generally, we all have a certain percentage of our account that we are willing to lose and also... not to mention, the best part.. the part where we plan how much we can rip from this trade. That is the profit part. <br />
Ideally, profit should be bigger than the loss. We read stuff like 1:2 or at least a 1:1.5.. worst to worst... 1:1.. right? Well logically thinking, we wouldnt want to have our risk of loss higher than that of profit. Very safe i would say. Because that is what i am doing.<br />
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So there we are, entering a trade when the entry signal came, we try to set the parameters for SL and TP. <br />
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Subconsciously, i will have in mind where i want my TP to be... We all know that our system will give us an exit, like the last peak? Or at one of the major resistance level? But what if these level doesnt rip u the amount of pips you want? It could be like 10pips away to your ideal ratio of 1:2... Greed perhaps.. i will sometimes set my TP at the level where I WANT.. L O L... As im typing now, i know it is stupid... but in the midst of making that decision during trading... Emotions come in. <br />
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So well sometime my greed pays off.. but usually, there isnt any good ending.. HA HA<br />
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Not only did greed affects my decision. sometimes fear also makes me set my TP at safe level. So the ending is of cause, wasteful. I will waste a chunk of the profit due to my bad decision to be safe and not go for more. Amateur mistakes.<br />
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As for SL, discipline and past bad experience tells me that i should just set it at a point where its the amount of loss that im willing to risk. Simple as that.<br />
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Fortunately, that was the past me.. It seldom happen now. Occasionally i still have the itch to.. you know, get back to old self. <br />
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If you did what i did, and still doing what i did... You are not alone............ I know that feel bro. Keep resisting the temptation yea?<br />
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<i>"This is John Connor. If you are listening to this,you are the RESISTANCE."<br />
</i><br />
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Regards,<br />
Bottle<br />
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traderChttp://www.blogger.com/profile/05236287519978279705noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-43591259096643675392013-07-16T11:20:00.000+08:002013-07-16T11:20:40.333+08:00Bottle's crystal ball speaksDid something pretty stupid earlier.. I set an order to BUY EURUSD pair, but instead... It became a SELL due to my carelessness.. Clicked wrongly i guessed, and without double checking... of course.<br />
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Order filled, price plummet about 50pips down... i thought to myself OMG.. what a bad entry... Couple of hours later the price went back up to my entry level. I check my trade again.. DAMMIT WHY IS IT A SELL??? Which means.. i was in +50pips earlier... Mother of goddddd.... If i had checked earlier, i would have close it and earn those accidental profits. MUhahAHAHAHhaha<br />
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Close my SELL trade and lose several pips. Did a BUY trade at a lousier price. Keep cursing at my carelessness while executing all these.<br />
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Went to sleep. And i dreamt that my BUY trade is still ongoing with +85 pips.. Exactly near where my TP is.<br />
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HMMMMMMMMMMmmmmmmmmMMMmmMM<br />
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I entered 1.3050. TP at about 80 - 90 pips up. Will my dream come true??? Current price at 1.3070. <br />
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Stay tuned...<br />
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<i>Bottle<br />
</i>traderChttp://www.blogger.com/profile/05236287519978279705noreply@blogger.com7tag:blogger.com,1999:blog-5787768779179977966.post-80370949659832671932013-07-10T13:13:00.000+08:002013-07-10T14:30:02.608+08:00My Friend the Trend<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRCE3dI4FuXGOoeq5KioMAUzdPGk4H_z7xCkz8-kOArxmH9zNs2RLmgG1E_qj0XsnTgF19vDlZCeMbu1tZk82uIK_rK1d2sb6AemIyJAbYQaZc9ZIP8g1aNGujrUVOG3ik0UWYwipBZd0/s1600/Untitled.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRCE3dI4FuXGOoeq5KioMAUzdPGk4H_z7xCkz8-kOArxmH9zNs2RLmgG1E_qj0XsnTgF19vDlZCeMbu1tZk82uIK_rK1d2sb6AemIyJAbYQaZc9ZIP8g1aNGujrUVOG3ik0UWYwipBZd0/s400/Untitled.jpg" /></a></div><br />
Did a guerilla counter-trending as you can see on the above image. My step by step thoughts on how i did the trade.<br />
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1. Identified the trend to be a down one.<br />
2. Notice a shift in momemtum, a retracement is coming.<br />
3. Get in trade and TP level at purple circle with stop loss 40pips away.<br />
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As time passes by, my desired result is not achieved yet.. Major market is opening and realize the ball isnt in my court anymore. It is taking too long. Felt uneasy as im going against my friend the trend. I entered the trade while major markets are closed. Market was quiet. But now the market has awaken and so is my friend... I backstabbed my friend the trend while he is asleep!<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_QKZA44NpVh3feVmHEaz_BYjOXTdna1ua_oY72jxLPz1eL2JUKluq7d3pJGkxw32XJeiYiZHGY64u0K114Cj-eo8Lu4RzliIl9iy-JrDYihtEDvwL5JuRoVLvKNTycmQin3yWcFL1BaU/s1600/back-stabbing-tw-at-work.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_QKZA44NpVh3feVmHEaz_BYjOXTdna1ua_oY72jxLPz1eL2JUKluq7d3pJGkxw32XJeiYiZHGY64u0K114Cj-eo8Lu4RzliIl9iy-JrDYihtEDvwL5JuRoVLvKNTycmQin3yWcFL1BaU/s400/back-stabbing-tw-at-work.jpg" /></a></div><br />
I felt guilty and exit my position with a +5pips.<br />
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After which, i went on to sell the pair right after my signal appears. Retracement over, time to go back into the supposingly downtrend that i think it is.<br />
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Entry on that red arrow... exit circled in green. Around that area which i cant rmb exactly where. Just rmb i got a tidy +60pips. <br />
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I hug my friend again~~~~<br />
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All my plannings and thinkings and assumptions of the market may not be right. It maybe laughed upon by the experts. But at least i do what i know and plan what i know. Im trading with a plan.<br />
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It rrrrreaaaaaalllyyy feels good to plan a trade, carry it out... best of all, end up with a profit.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWl71wwiRumNT6RdpcI5X2NwUyWqStiZfXKbSREISxzGbiS5ZPTiUyQTE2wbuS3gN6wQdmRQYVKjN9NVXBdv2VbV7Kcou8agOvkE3UneLxC44AN9MAN6LdB9tHHr3pG0r40FW09UOMWDw/s1600/sweetjesus.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWl71wwiRumNT6RdpcI5X2NwUyWqStiZfXKbSREISxzGbiS5ZPTiUyQTE2wbuS3gN6wQdmRQYVKjN9NVXBdv2VbV7Kcou8agOvkE3UneLxC44AN9MAN6LdB9tHHr3pG0r40FW09UOMWDw/s320/sweetjesus.jpg" /></a></div><br />
<i>Bottle<br />
Trade to trade well.</i><br />
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traderChttp://www.blogger.com/profile/05236287519978279705noreply@blogger.com4tag:blogger.com,1999:blog-5787768779179977966.post-29762838424554981372013-04-26T00:13:00.004+08:002013-04-26T00:13:46.647+08:00Judgment Call<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioC96qYBwSirSDY5-fJBegO8YRwiELbxA-User_c4WHy63aEnAPPawzvb4ZKFoC29IFFiCHppDm6xvIl3lMhOfs2gg8seo2WAcVHGU8dHMB7g6PYYi1PCaewpxJmq4pYhUOy3xtvw6BGU/s1600/gbpusd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="152" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioC96qYBwSirSDY5-fJBegO8YRwiELbxA-User_c4WHy63aEnAPPawzvb4ZKFoC29IFFiCHppDm6xvIl3lMhOfs2gg8seo2WAcVHGU8dHMB7g6PYYi1PCaewpxJmq4pYhUOy3xtvw6BGU/s320/gbpusd.png" width="320" /></a></div>
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Gbp/Usd: Short trade.... long yellow lines are my imaginary support and resistance lines. Consolidating for a while and pooof.....<br />
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I closed the trade 10 pips short of my take-profit.. and one of those times my gamble is correct. The further it went was 5 pips short of my take-profit.<br />
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Orders for Aud/Usd at 1.0200 did not hit.<br />
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Very tired from work..<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com2tag:blogger.com,1999:blog-5787768779179977966.post-76272810927664165512013-04-06T12:47:00.003+08:002013-04-06T12:47:43.998+08:00Lucky but Backside Itchy<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm_-DmpXN1F3FFdF97B4wACR_zgsu1U6jVNI_RrUui77jg-aO2l1Edy9AiI5EV68BmR3kjU0zgz8eut3-ZzK2kiPRQfqPx0rOox7IvM66idcaOWi3rjoHYr2HqdospF0A0-FWiuKAtrZo/s1600/usdjpy+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="155" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm_-DmpXN1F3FFdF97B4wACR_zgsu1U6jVNI_RrUui77jg-aO2l1Edy9AiI5EV68BmR3kjU0zgz8eut3-ZzK2kiPRQfqPx0rOox7IvM66idcaOWi3rjoHYr2HqdospF0A0-FWiuKAtrZo/s320/usdjpy+2.png" width="320" /></a></div>
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After the <a href="http://www.blackbottleforex.blogspot.sg/2013/04/usdjpy-current-position.html">Cockteaser 2</a>, I decided to close my short position for Usd/Jpy as it went down a little bit when I had the chance, it was just before BOJ Monetary Policy Statement and I didn't had good feeling staying in this pair. Closed out +156 pips before the announcement.<br />
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Lucky I was, it shot up about 200 over pips after the news release, if I had stayed it would have been another pierced into the ass stop-loss, phew.<br />
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I remained watching this pair for an hour or so closely, until <i>I thought</i> the momentum was slowing down, I wanted to grab a bit of retracement. You can call it <i>greed</i>, or <i>itchy backside</i>. It didn't went down a bit, but hit my -50 pips stop-loss later in the day.<br />
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That's it for the week. Stayed at the sidelines for NFP.<br />
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Happy weekend.<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com1tag:blogger.com,1999:blog-5787768779179977966.post-45674518849430691072013-04-04T00:19:00.000+08:002013-04-04T00:19:45.467+08:00Cockteaser Part 2<div class="separator" style="clear: both; text-align: center;">
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Usd/Jpy current position.. another cockteaser which frustrates me a bit.. 5 pips away from take-profit and by the time I checked back it went far away. Manually trailing stop at the moment. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaV7Z08aFmMDZ3psWZ9P-leEsmpXXnKaCtonMj697x0A0ST8TKm0lfo7MKuSeDbPKyJjuRaZXP8h1i0QmoyqJy0q3e-lV6WQ9pYfS1RyDSDKNilonVoAA28LawW3nlOdR6FnYyf0PV9B4/s1600/eurusd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaV7Z08aFmMDZ3psWZ9P-leEsmpXXnKaCtonMj697x0A0ST8TKm0lfo7MKuSeDbPKyJjuRaZXP8h1i0QmoyqJy0q3e-lV6WQ9pYfS1RyDSDKNilonVoAA28LawW3nlOdR6FnYyf0PV9B4/s320/eurusd.png" width="320" /></a></div>
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Stop-lossed Eur/usd last week at -61 pips. Bad bad.<br />
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Might close out positions before NFP.<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-76641932302220842092013-03-21T22:44:00.000+08:002013-03-21T22:44:10.478+08:00Cockteaser<div class="separator" style="clear: both; text-align: center;">
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5 pips shy from my take-profit and off it went, there goes my 100 pip profit. It happened when I was still busy in the office and did not realise, until the FOMC statement this week reversed the fate. Closing this position out at -30 pips.<br />
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Current position: short Eur/usd.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-55679289841377870882013-03-15T22:39:00.005+08:002013-03-15T22:39:50.091+08:00Gbp/Usd<div class="separator" style="clear: both; text-align: center;">
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Been watching the drop for a while but didn't have the confident to enter trade. Came back home "early" after knocking on Tuesday for U.S market. "Felt" the fall of this pair might reach it's "max", there long this pair and closed my position during Asian market today when it hit the 20 SMA. Took this trade & closed it out solely on daily timeframe. Bagged a +220 pips, so happy for a come-back trade!!<br />
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As you can see this pair is continuing to go up, which gives me an "urGhh.. what if I held!?!" feeling. But feels good to be back in action especially winning. Memories of previous trades were all losing lol.<br />
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Been away for quite some time as like I said previously, I'm still working in this brokerage firm. Working almost like 11-12 hours per day. I'm tired to the max after knocking off. Went home bath and slept. Basically there goes my trading days.<br />
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What to do, need to earn to make a living. Cost are rising, monies are depleting - part of the reason why some of us are here too. Time to turn in, have a good weekend people!!<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com2tag:blogger.com,1999:blog-5787768779179977966.post-82512081228583088442013-03-14T23:36:00.000+08:002013-03-14T23:43:07.775+08:00The Mental Game Poker 2<div dir="ltr">
Came back to blog just to update you guys on the sequel of this wonderful Mental Game of Poker by Jared Tendler.</div>
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Here is my review of book 1</div>
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<a href="http://blackbottleforex.blogspot.sg/2012/01/mental-game-of-poker-book-review.html?m=1">http://blackbottleforex.blogspot.sg/2012/01/mental-game-of-poker-book-review.html?m=1</a></div>
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I have pre-ordered for a signed copy already here</div>
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<a href="http://jaredtendlerpoker.com/thementalgameofpoker2/">http://jaredtendlerpoker.com/thementalgameofpoker2/</a></div>
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CAnt wait! :)</div>
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Btw, Im long Gbp/usd... Back in a bit of action after ages..</div>
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Black</div>
Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-14146494536713105222012-11-07T23:32:00.001+08:002012-11-07T23:32:20.087+08:00They call Slim Shady...<div class="separator" style="clear: both; text-align: left;">
..I'm back, I'm back.</div>
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Hell of a ride this gold trade. Been holding losses until election day saved my day. For a disastrous trade like this to turn into (even) a small win is fortunate enough. A double top formed, and the momentum looks towards USD, prompting me to close it. Further short this pair hoping the momentum continues. Also short Eur/Usd, which I'm hoping it continues its way to the next support (my target).<br />
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My new job has been super busy. Basically working 11 hours a day. Travel 2 hours a day. Well, basically home and I knocked out, in fact I'm feeling tired now that I think I make this a short post. Hope to squeeze out some time to continue updating this blog.<br />
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Good luck. And congrats to Obama!<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com2tag:blogger.com,1999:blog-5787768779179977966.post-37097732831533895182012-09-26T21:45:00.000+08:002012-09-26T21:45:57.489+08:00Black to WorkJust started my new job this week, am feeling really glad. So sudden as it was quite an immediate position, in a local securities firm, which I am quite happy. Although I am not working as a trader or remisier like that, but handling backend processes of equities. Hope to learn as much as possible and then we'll see. So far so good.<br />
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Will be trading and blogging less from now as learning curve is steep and I need to adjust my sleeping time earlier instead of 3am during unemployed days. Though if I happen to learn to trade some shares in the future I might be posting them up too.<br />
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Gd luck people on your trading, this blog is not dead yet we'll be back any moment!<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com2tag:blogger.com,1999:blog-5787768779179977966.post-48923808178657536522012-09-14T14:56:00.000+08:002012-09-14T14:56:08.854+08:00Some Hope<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCisrc4fZfGhWmgQ0SCPNX8tOdXsm4C2JL509vT2NvoD1nCKxLkF4B6T1Lloaw2OgrMFWMyYy3nBAa0vQG_rP1IzE6op7ixwxsx9UMdYxVB4hspAMlf5z4p1BdwNUmUWPJI9t3s_XSZaw/s1600/audusd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="153" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCisrc4fZfGhWmgQ0SCPNX8tOdXsm4C2JL509vT2NvoD1nCKxLkF4B6T1Lloaw2OgrMFWMyYy3nBAa0vQG_rP1IzE6op7ixwxsx9UMdYxVB4hspAMlf5z4p1BdwNUmUWPJI9t3s_XSZaw/s320/audusd.png" width="320" /></a></div><br />
Held this trade more than 2 days, bagging 145 pips to end the week. Went to 2 job interviews this week.<br />
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There is hope after all.<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com2tag:blogger.com,1999:blog-5787768779179977966.post-34935689375581297132012-09-11T22:02:00.002+08:002012-09-11T22:02:36.457+08:00The Art of Trading<br />
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Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com6tag:blogger.com,1999:blog-5787768779179977966.post-24191952508783435762012-09-06T21:56:00.001+08:002012-09-06T21:58:07.234+08:00ARE YOU FUCKING KIDDING ME?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2PjFHq_1-dXdxos1myLBw3QQDWdGeqs_hMLTizSMop1tCfyReHQ3MTQPOodQmoWsKKI_wUqcS3V2v7FE4yriRg_5_1A1SbTNLiDcMVeqy4-KqXZhxF3zSjU1UGgOnUVHlKAZvLDUltm4/s1600/eurusd+wtf.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="153" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2PjFHq_1-dXdxos1myLBw3QQDWdGeqs_hMLTizSMop1tCfyReHQ3MTQPOodQmoWsKKI_wUqcS3V2v7FE4yriRg_5_1A1SbTNLiDcMVeqy4-KqXZhxF3zSjU1UGgOnUVHlKAZvLDUltm4/s320/eurusd+wtf.png" width="320" /></a></div><br />
..another painful [sniper] stoploss. Tell me stop-hunting does not exist. It feels exactly like when in poker you flop the nuts and gettin' rivered.<br />
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Speechless.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com2tag:blogger.com,1999:blog-5787768779179977966.post-86809607647269668482012-09-05T17:06:00.000+08:002012-09-05T17:06:02.684+08:00Shut Up & Take My Money!Its very tiring posting such things over and over again 8 out of 10 posts.<br />
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</div><div class="separator" style="clear: both; text-align: left;">Either the price touches my stop loss <b><u>exactly</u></b> and retraced, or it comes 3 pips <b><u>before</u></b> my take profit and retrace.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Hey market, why don't you just..</div><div class="separator" style="clear: both; text-align: center;"><br />
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</div>Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-33867717760194238452012-09-05T12:01:00.000+08:002012-09-05T12:01:13.863+08:00Stop-Losses Prevail<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu9w7ZAgloY7qUGiE0WBzAo8KBVDvHUbNcaqoko4DkK3kDYtkuKd1OIuCsVeMtO1-2M2VOmgO1UYfqIL0_xLIPk5pgihwPEzuA-quP2WJOillTJO0iC5ii1onIc0kStPSi2ZkY7SoQbKE/s1600/eurusd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="153" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu9w7ZAgloY7qUGiE0WBzAo8KBVDvHUbNcaqoko4DkK3kDYtkuKd1OIuCsVeMtO1-2M2VOmgO1UYfqIL0_xLIPk5pgihwPEzuA-quP2WJOillTJO0iC5ii1onIc0kStPSi2ZkY7SoQbKE/s320/eurusd.png" width="320" /></a></div><br />
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Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-71505258589248511892012-09-03T19:48:00.000+08:002012-09-03T19:48:05.357+08:00Sniper Stop-lossLast week's trade.. sniper stop-loss.<br />
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</div><div class="separator" style="clear: both; text-align: left;">Very quiet market since London session, basically the whole day. It's Labour day in US, so it might continue to be like that. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Currently on long Eur/Usd. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Black.</div>Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com1tag:blogger.com,1999:blog-5787768779179977966.post-26478806616700606692012-09-01T01:26:00.001+08:002012-09-01T01:27:07.271+08:00Came Across This...Came across this the 1Lot Trader's blog post on <a href="http://www.the1lottrader.com/2012/08/the-trading-precipice.html">The Trading Precipice</a>.<br />
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I definitely feel for him for what he is going thru' now. Its a good read and lots of great advices from experienced traders in the comment section which I recommend traders to read them too.<br />
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All the best to us and don't give up! :)<br />
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Black.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com0tag:blogger.com,1999:blog-5787768779179977966.post-70322522735657004022012-08-31T13:19:00.001+08:002012-08-31T13:24:48.396+08:00Chicken Pox, Poker & Trading<div class="" style="clear: both; text-align: left;"></div><div class="" style="clear: both; text-align: left;">It's been a month! So fast. Just a quick update on what's up with us. I am still jobless, spending hours every day job searching but outta luck (sad). I been on poker bug once again for the past month. I withdrawn most of my bankroll out of stars and left a bit for leisure grinding. But I still got stuck, busto and decided for the firstime in my poker career to go on a <a href="http://www.blackdeckpoker.blogspot.sg/2012/08/throwing-in-towel.html">infinite hiatus</a>. </div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="" style="clear: both; text-align: left;">I been neglecting this site, trading and <i>Bottle </i>for some time.. leaving the lone spartan fighting against the armies of Xerxes himself. We still catch up every week, Bottle and I, he is still actively trading, but I caught <a href="http://en.wikipedia.org/wiki/Chickenpox">chicken pox</a> a week back and had been stuck at home miserably. Yeah, what an age to get infected. I'm sure most of you don't even remember the time when you had it. I've seen the western doctor and they gave me anti-viral pills and didn't mention about <i>not</i> eating anything. </div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="" style="clear: both; text-align: left;">My mum, on the other hand, is a classic eastern style believer. During my days of infection, she said I was not allowed to eat chicken, beans, nuts, egg (yolks), and seafood!</div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/408079_265526190169813_123850441_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="236" src="https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/408079_265526190169813_123850441_n.jpg" width="320" /></a></div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="" style="clear: both; text-align: left;">Not sure how closely I obeyed, but I just tried. Can't wait to go to seafood buffet soon.</div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="" style="clear: both; text-align: left;">Anyway regarding poker, I think spreading my focus between trading and poker is not working out. Poker, recently to me has been tedious experience. Making it short and simply, the joy of winning could no longer compensate the pain of losing. When that happens, that's when I think it's time to move on from certain venture.</div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="" style="clear: both; text-align: left;">I have neglected many books and I am going to catch up with them too. We have recently stopped Diablo 3 for a while, but will be bringing ourselves back together soon. I have decided to take these time clearing my books. Some have already grown mold before I even started reading. Recently found an app <a href="http://ted.com/">TED.com</a>, they have it on android and iOS devices, on many insightful talks from experts of many fields. Very interesting.</div><div class="" style="clear: both; text-align: left;"><br />
</div>Finally break my losing streak (8 straight losses) with a very small win. Nevertheless, still a win. Booking a small win during losing streak is a necessity to slowly build back your confidence and focus. I have to admit the previous trades were <i>reckless</i>. There are many habits of me that does not fit a trader, I'm sure I'm not alone, and that is what we are trying to change.<br />
<div class="" style="clear: both; text-align: left;"></div><div class="" style="clear: both; text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0L0Hcd5LW3opmWK_7Er-7-Xn_iAmP98PBSvBtHed4Ohpxc68mPvCqCVqnE0VAugLs2kmHty-30e9n7PGKeUK_IAYsHsfGVjqc5u1ooyTblO1-ztaTtsxJWaXO4uWkSNlco9Q7wlZp4w0/s1600/usdjpy.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0L0Hcd5LW3opmWK_7Er-7-Xn_iAmP98PBSvBtHed4Ohpxc68mPvCqCVqnE0VAugLs2kmHty-30e9n7PGKeUK_IAYsHsfGVjqc5u1ooyTblO1-ztaTtsxJWaXO4uWkSNlco9Q7wlZp4w0/s320/usdjpy.png" width="320" /></a></div>And that habit, comes from your mind. Whatever you punch into your keyboard, the words, the lot size, your take-profit and stop-loss, whatever you think the market is doing, comes from your mind. You think you should execute the trade now, you think you should book the win, cut the loss, the let loss run (familiar) because closing it means surrendering and admitting your defeat.<br />
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</div><div class="" style="clear: both; text-align: left;">From my experiences of trading, gambling or poker (there are similarities and difference between them in certain aspect though), trying to win every single hand/trades (battle) ironically, causes the (overall) defeat in our war. I am a very good example. </div><div class="" style="clear: both; text-align: left;"><br />
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</div><div class="" style="clear: both; text-align: left;"><a href="http://couragewolfmeme.com/courage-wolf/courage-wolf-576.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: justify;"><img border="0" height="200" src="http://couragewolfmeme.com/courage-wolf/courage-wolf-576.jpg" width="200" /></a>Previously, I can't go to bed with a loss (sometimes even now). I don't stop trading until I have a win. And 8 out of 10 times I drag even more losses trying to do it. And ironically, the 2 out of 10 times you succeed in trying so, spells the doom to your next trades. Because you think that since you succeed in trying to force a win, you can do it again. And every 10 times you do it, you will fail most of the time trying to do it, but your mind keeps flashing back to that only few times you succeeded. So you keep doing it, still. <b>Just like a lottery.</b></div><div class="" style="clear: both; text-align: left;">As I always have the [loser] habit of abandoning my trade journal during losing streak, I now plan to write more regularly and simply add into the comment section of <a href="http://myfxbook.com/">myfxbook.com</a> for every single trades. I still love the detailed and service myfxbook provides and its <i>free</i>. I'm not endorsing it, but I think it provides more extensive information than any brokers' statement themselves. Usually for such service in the poker industry costs you money. </div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="" style="clear: both; text-align: left;">It's Friday now, last trading day of the week. Good luck if you're trading, if not, happy weekend!</div><div class="" style="clear: both; text-align: left;"><br />
</div><div>Black</div>Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com3tag:blogger.com,1999:blog-5787768779179977966.post-66119581693815676412012-07-27T00:34:00.001+08:002012-07-27T00:35:23.165+08:00Moderation for comments due to Spammers<div class="separator" style="clear: both; text-align: left;">This is the firstime this blog ever received such overwhelming....spams. It used to be one and we'd close one eye. But <a href="http://www.blogger.com/profile/18435833890412140631">this guy</a> seems over-doing it. We have no choice but to put future (more welcomed) comments to moderation. Not so fun with such spams in a night:-</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjU4XnB0xG99rT_oLbO8Gl4jQA2R26eOViKgxARlTWWvIwPd2cmfVYp0rBS9djNBFrx9Er-7TIcYJo6W3ELYxtKSDUdf69i9aIDS1uFypilkJghpvSh9AKAAqlg3K6B6rvlzOdy_ql9Z1c/s1600/Screen+Shot+2012-07-27+at+12.24.41+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="253" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjU4XnB0xG99rT_oLbO8Gl4jQA2R26eOViKgxARlTWWvIwPd2cmfVYp0rBS9djNBFrx9Er-7TIcYJo6W3ELYxtKSDUdf69i9aIDS1uFypilkJghpvSh9AKAAqlg3K6B6rvlzOdy_ql9Z1c/s320/Screen+Shot+2012-07-27+at+12.24.41+AM.png" width="320" /></a></div><br />
Ahh.. links, yes.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSIxuS18KYkyCDXM9XAZnqFSw5Z3TMLkoM99L_qGdnEmKcA0ORr6cLCqqPwioJ9J_-mDn6xvk2kH6xoAmepIcqtv4loslEdF2m7KnV3Y-9Aw7RKirJtJjxm92TA4NP9iPgVebhDK8t7ME/s1600/Screen+Shot+2012-07-27+at+12.24.54+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="65" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSIxuS18KYkyCDXM9XAZnqFSw5Z3TMLkoM99L_qGdnEmKcA0ORr6cLCqqPwioJ9J_-mDn6xvk2kH6xoAmepIcqtv4loslEdF2m7KnV3Y-9Aw7RKirJtJjxm92TA4NP9iPgVebhDK8t7ME/s320/Screen+Shot+2012-07-27+at+12.24.54+AM.png" width="320" /></a></div><br />
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SEO expert indeed, we are impressed as well.Blackhttp://www.blogger.com/profile/12971326600336403599noreply@blogger.com4tag:blogger.com,1999:blog-5787768779179977966.post-15827019231338461902012-07-26T02:20:00.000+08:002012-07-26T02:20:53.336+08:00Crazy WeekOk where do i start... Crazy week as a title sounds more like having alot of fun during that week... Doing crazy stuff you never imagined before and totally enjoy it. But no, not for me...<br />
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Almost every trade this week goes AWAY from me, followed my setups but keep hitting stop losses... And those setups that i missed(cos of work or other commitments), travel nicely to TP(had i spot the setup and went in trade). This is crazy, all the stop losses are hit within the next 2 candles while i used to wait for TPs to be hit overnight. Looks like all long thick juicy candles that came up this week are all intended to stop me out.<br />
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This is madness, i experienced this shit before, yes.. But this week's is much worst. EVERY SINGLE TRADE. Feel so lost, where did i go wrong... Luck? Timing? I know that no setup guarantees a 100% hit. But what are the chances that i got in all the losing ones and missed out all the winning ones?? hmmmmmm i suspect someone put a curse on me.. But a curse that can move the market against me?? hhmMMmmmm.... Doubt so...<br />
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Hopes shattered... Confidence rock bottom, went underground and reach the core of the earth. ArghhhhhhHHHhhH MY PRECIOUSSSSSSSSSSSssssssssssssssssssssss....<br />
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F*** it.. im gg to sleep.. not gg to look at the f***ing chart. fcukkucufhdfufkcckufckkcufkcfcufck<br />
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<i>Faith put to the test<br />
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<i>Bottle</i>traderChttp://www.blogger.com/profile/05236287519978279705noreply@blogger.com3